Ocean Marine Insurance

Count on Us for Ocean Marine Insurance

Ocean marine coverage is one of the oldest types of insurance. Policies can be written to include various combinations of hull coverage, cargo coverage, freight insurance, and protection and indemnity (P&I).

Each of the above coverages can be issued as a separate policy or grouped together. Cargo is usually written separately because the cargo owner is not the ship owner. Hull and P&I are usually written together, and can include freight insurance.

There are many implied warranties that apply to ocean marine that are strictly observed and carry the same weight as written warranties. The vessel must be in seaworthy condition, the cargo must be sound and properly packed, the goods must be legal and the voyage must follow an agreed route with no change in destination.

Contact Clifford M Golub Associates Inc to learn more today.